The appointments to the Naval Academy are a great annoyance and often a great embarrassment. Of course the Secretary is much blamed for every disappointment, although he has none but contingent appointments. Persons often apply to the President, who is restricted in his appointments, but who gives a favorable indorsement to almost all. Each considers this abundant to secure him a place, and denounces me if he does not succeed.
I again spoke to the President in relation to his order to A. J. Hamilton, and remarked to him that it was in conflict with the blockade. He was disturbed, and said Seward had fixed that up, and he presumed it was right. "Suppose you see Seward yourself,” said he. This I must do, but to little purpose, I apprehend.
The great fall in gold within a few days begins to effect prices. In other words, commodities are getting nearer their actual value by the true money standard. Recent victories have largely contributed to this, but there are other causes, and I think Fessenden may be a more correct financier than Chase, but neither is exactly fitted for the place.
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